Analysts at Danske Bank expect EUR/GBP to continue trading within a range of 0.8650-0.8850 in coming months after today’s Bank of England decision. Long-term they see the pair moving lower. Key Quotes: “Given the hawkish signals from the BoE, we expect relative interest rates largely to mitigate the EUR/GBP upside risks stemming from Brexit uncertainty, especially as it is likely the big debate Brexit clashes are postponed to the October EU summit.” “Near term, a break below 0.8650 would, in our view, require a more pronounced repricing of the BoE’s future rate path, which we do not expect. Hence, we expect EUR/GBP to continue to trade within a range of 0.8650-0.8850 in coming months, targeting 0.8800 in 1M and 0.8650 in 3M.” “Longer term, we still expect EUR/GBP eventually to trade lower, driven by Brexit clarifications and fundamental valuations. The turn in capital flows and FDI flows back into the UK, as indicated in the latest balance of payments data, suggest that a key headwind to GBP seen in Brexit is reversing, supporting the case for additional GBP appreciation over the medium term. We target EUR/GBP at 0.84 in 6M and 0.83 in 12M.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD Technical Analysis: Aussie bulls waking up after fresh 2018 low at 0.7345 FX Street 5 years Analysts at Danske Bank expect EUR/GBP to continue trading within a range of 0.8650-0.8850 in coming months after today's Bank of England decision. Long-term they see the pair moving lower. Key Quotes: "Given the hawkish signals from the BoE, we expect relative interest rates largely to mitigate the EUR/GBP upside risks stemming from Brexit uncertainty, especially as it is likely the big debate Brexit clashes are postponed to the October EU summit." "Near term, a break below 0.8650 would, in our view, require a more pronounced repricing of the BoE's future rate path, which we do not expect. Hence, we… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.